Is there an opportunity to short the GBPUSD in September? Forecast GBP $GBPUSD forextrading FX
Enter your emailhas been shellacked during the month of August, and I suspect that we are getting ready to have a short-term bounce. T
This is a market that is breaking down for a lot of fundamental reasons that people who move money pay more attention to than the charts. In fact, the charts are almost always secondary, assuming that big money is even looking at them.You can see on the chart that I have a red circle around the lows back in 2020, and I do think that we are going to try to get down to that area. That would be a reading of 1.
After that, the 1.23 level then comes into the picture as another place I would like this short this pair if I get the opportunity.falling over the longer term. That doesn’t mean that we won’t bounce from time to time, but those balances should be thought of as opportunities. In fact, it’s not until we break above the 1.25 level that I start to take the idea of a British pound turnaround seriously.
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